Posts by Shauna Huntington
Why We Use QuickBooks Online
Fortiviti works with various accounting software for our clients, but the most common is QuickBooks Online. QuickBooks Online (QBO) is a powerful and intuitive accounting software that offers a wide range of benefits for small and mid-sized businesses. Here are some of the key benefits of using QBO: 1. Accessibility With QBO, you can access…
Read MoreExcel: Summing by Colored Cells
We LOVE Excel! And, we love it even more when we find a new way to use it to save time and get us results faster. If you have an Excel file with colored cells to sort various information and you’d like to sum the figures in each color group, here’s a quick guide: …
Read MoreCash Flow: A Tale of Two Businesses
Everyone knows cash is king. You’re told time and again. Cash allows you to be nimble. Cash allows you to jump on opportunity. You know you need it for business growth. You KNOW it’s important. But, do you really know how it affects your business daily? Decisions are made every day; decisions that will…
Read MoreUsing Expensify’s Credit Card Feed
Expensify is a tool that many small business owners use to manage their expenses and receipts. One way to make it more valuable is to set it up to pull the credit card transactions directly from your credit card into your Expensify account. The setup process is simple. Also, by adding this function, each…
Read MoreWhat is Use Tax
Use Tax is a tax on purchases that is charged to the buyer if the seller did not originally charge sales tax on a taxable purchase. While most sellers of taxable goods and services are required to charge sales tax when they make the sale, there are certain exceptions. When those exceptions result in a…
Read MoreTop 5 Items to Review in Your Financial Statements
Having accurate financial statements is key to running a successful business. If you go to the bank for financing, your banker is going to want to see quality financials that are truly representative of your business performance. Accurate financial information will assist you in making business decisions that help move your business forward. So, how…
Read MoreEmploying your Children in Your Business
As a business owner, you are constantly looking for potential tax breaks or options for shifting income. If you have children, one option to consider is putting your kids on your payroll. However, choosing to employ your children in your business is not as simple as having them fill out a W4. There are some…
Read MoreBeware of Third Parties Selling You The Employee Retention Tax Credit
What is ERC? The Employee Retention Credit (ERC) has been a hot topic since 2020, when the Coronavirus pandemic changed the world. The credit was implemented to aid companies in paying their employees if there was a reduction in gross receipts as a result of COVID-19. A major requirement to qualify for the credit was…
Read MoreManaging Cash Flow: A How To Guide
Managing cash flow can be the difference between your business success or failure. You can’t open a book on entrepreneurship without the mention of cash flow. But, what is cash flow? Cash flow is a measure of the amount of cash coming in and going out in a business. Positive cash flow results from…
Read MorePaying Your Taxes
Be Prepared Your business is profitable! Congratulations! You owe taxes! Contrary to popular belief, owing taxes is not a bad thing. It means your business made money. Yes, it’s great to minimize your tax bill as much as legally possible, but at the end of the day, the only way you can avoid paying taxes…
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